scholarly journals STATISTICAL ANALYSIS OF DEVELOPMENT TRENDS IN GLOBAL RENEWABLE ENERGY

2016 ◽  
pp. 214-220
Author(s):  
M. D. Simonova ◽  
V. E. Zakharov
Keyword(s):  
Renewable Energy ◽  
Statistical Analysis ◽  
Renewable Energy Sources ◽  
Value Added ◽  
Clean Energy ◽  
Energy Sources ◽  
Low Carbon ◽  
Modern Development ◽  
Generating Capacity ◽  
Increasing Demand

The article focuses on the economic and statistical analysis of industries associated with the use of renewable energy sources in several countries. The dynamic development and implementation of technologies based on renewable energy sources (hereinafter RES) is the defining trend of world energy development. The uneven distribution of hydrocarbon reserves, increasing demand of developing countries and environmental risks associated with the production and consumption of fossil resources has led to an increasing interest of many states to this field. Creating low-carbon economies involves the implementation of plans to increase the proportion of clean energy through renewable energy sources, energy efficiency, reduce greenhouse gas emissions. The priority of this sector is a characteristic feature of modern development of developed (USA, EU, Japan) and emerging economies (China, India, Brazil, etc.), as evidenced by the inclusion of the development of this segment in the state energy strategies and the revision of existing approaches to energy security. The analysis of the use of renewable energy, its contribution to value added of countries-producers is of a particular interest. Over the last decade, the share of energy produced from renewable sources in the energy balances of the world's largest economies increased significantly. Every year the number of power generating capacity based on renewable energy is growing, especially, this trend is apparent in China, USA and European Union countries. There is a significant increase in direct investment in renewable energy. The total investment over the past ten years increased by 5.6 times. The most rapidly developing kinds are solar energy and wind power.

scholarly journals ENERGY PROSPECTS IN WESTERN BALKAN REGION ‒ MONTENEGRO CASE

2021 ◽  
Vol 12 (2) ◽  
Author(s):  
Momir Đurović
Keyword(s):  
Renewable Energy ◽  
Greenhouse Gas Emission ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Economic Effects ◽  
Energy Sources ◽  
Low Carbon ◽  
Western Balkans ◽  
Low Carbon Economy

To meet new energy demands and climate targets for 2030, the EU member states and West Balkans countries are requested to introduce the National Energy and Climate Plans (NECP) for the period from 2021 to 2030. That implies implementing clean, affordable and renewable energies to reach a climate-neutral economy by 2050. This will require moving towards the long-term goals set by Power agreements, which means to perform economic transformations to reach broader sustainable development goals. To achieve those goals national long-term strategies in Western Balkan countries jointly with EU strategies have to cover, at least, the following in the coming 30 years: total greenhouse emission reduction, even elimination, to extend feasible socio-economic effects of the decarburization measures, to enable links to other national long-term objectives, to make progress on a low greenhouse gas emission economy by encouraging the use of renewable energy sources to approach the European green plan. All those measures will lead the energy sector in the Western Balkans (WB6) to be organized to function with diversified sources of energy, secure fully functional integrated energy market, the free flow of energy, improve efficiency by reducing needs for energy imports; move to low carbon economy by promoting research and innovations in low carbon and clean energy technologies, which will all lead to extensive implantation of renewable energy sources and control of climate change in the region.

scholarly journals Investments in Croatian RES Plants and Energy Efficient Building Retrofits: Substitutes or Complements?

Energies ◽  
2021 ◽  
Vol 15 (1) ◽  
pp. 2
Author(s):  
Davor Mikulić ◽  
Damira Keček
Keyword(s):  
Renewable Energy ◽  
Energy Efficient ◽  
Renewable Energy Sources ◽  
Value Added ◽  
Energy Transition ◽  
Economic Effects ◽  
Energy Sources ◽  
Full Time ◽  
Low Carbon ◽  
Energy Efficient Building

Croatian energy strategy defines ambitious goals aimed at achieving energy transition toward a sustainable low-carbon society. Achieving those goals requires significant investments in the renewable energy sources and improved energy efficiency of buildings. The purpose of this paper is to estimate and compare the economic effects of the energy transition on the renewable energy supply and demand side. The estimation of the energy transition effects in Croatia in the period 2020–2050 is based on the input-output model, which identifies direct, indirect and induced effects of investments in renewable energy sources and energy efficient buildings renovation. Results of the study reveal relatively higher gross value added and employment effects induced by investments in building retrofits, but the effects of investments in renewable energy are also significant. Investments in sustainable, efficient and environmentally effective energy system could significantly contribute to Croatian GDP. While GVA effects range from 0.4% to 0.6% of annual GDP, the share of full-time equivalent jobs induced by energy transition could reach 0.5% to 1% of total employment in Croatia. Investments in RES plants and energy efficient building reconstruction are not substitutes but complements which ensure a smooth energy transition if undertaken together.

LOW-CARBON FUTURE: SWITCHING FROM CONVENTIONAL TO CLEAN ENERGY HARVESTING IN INDIA

2021 ◽  
pp. 40-42
Author(s):  
Piyali Kumar
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Energy Sources ◽  
Low Carbon ◽  
Green Technologies ◽  
Indian Government ◽  
Small Hydropower ◽  
Renewable Energy Consumption ◽  
The Government

For thousands of years, the persistent use of conventional energies that has been driving economic progress, is now-a-day a being considered not only unsustainable but also environmentally destructive. India's abundant renewable energy sources is capable of generating clean energy and providing an attainable replacement of the polluting and expeditiously depleting conventional energy sources. Initially, this study embellished a scenario of fossil fuel dependency coupled with a looming conventional energy crisis in the foreseeable future followed by the non-renewable energy consumption and carbon footprint nexus. This paper briey explores the background, signicant achievement, potentiality of India's major renewable energy sources such as solar, wind, biomass, small hydropower and liberal environment designed by the Government. India has been able to make remarkable progress in shrinking its share of power generation from fossil fuels. Additionally, some hindrances regarding the massive harvesting in clean electricity and the smooth way forward are addressed here. Unwaving endeavour is going on in innovation and promotion of energy-efcient green technologies domestically and the current promotion policies, perspectives, and strategies of Indian government are supposed to transpire to be a success story.

Power Projects and Covid-19: A Practical Analysis of the Relevance of Force Majeure Clauses under the Standardised Power Purchase and Implementation Agreements of Uganda

2020 ◽  
Vol 1 (2) ◽  
pp. 189-193
Author(s):  
Aisha Naiga ◽  
Loyola Rwabose Karobwa
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
The State ◽  
Energy Sources ◽  
Policy Goals ◽  
Force Majeure ◽  
Practical Analysis ◽  
Energy Justice

Over 90% of Uganda's power is generated from renewable sources. Standardised Implementation Agreements and Power Purchase Agreements create a long-term relationship between Generating Companies and the state-owned off-taker guaranteed by Government. The COVID-19 pandemic and measures to curb the spread of the virus have triggered the scrutiny and application of force majeure (FM) clauses in these agreements. This article reviews the FM clauses and considers their relevance. The authors submit that FM clauses are a useful commercial tool for achieving energy justice by ensuring the continuity of the project, despite the dire effects of the pandemic. Proposals are made for practical considerations for a post-COVID-19 future which provides the continued pursuit of policy goals of promoting renewable energy sources and increasing access to clean energy, thus accelerating just energy transitions.

scholarly journals Forecasting and Modelling the Uncertainty of Low Voltage Network Demand and the Effect of Renewable Energy Sources

Energies ◽  
2021 ◽  
Vol 14 (8) ◽  
pp. 2151
Author(s):  
Feras Alasali ◽  
Husam Foudeh ◽  
Esraa Mousa Ali ◽  
Khaled Nusair ◽  
William Holderbaum
Keyword(s):  
Renewable Energy ◽  
Low Voltage ◽  
Renewable Energy Sources ◽  
Golden Ratio ◽  
Clean Energy ◽  
Energy Sources ◽  
Percentage Error ◽  
Ann Model ◽  
Demand Forecast ◽  
Pv System

More and more households are using renewable energy sources, and this will continue as the world moves towards a clean energy future and new patterns in demands for electricity. This creates significant novel challenges for Distribution Network Operators (DNOs) such as volatile net demand behavior and predicting Low Voltage (LV) demand. There is a lack of understanding of modern LV networks’ demand and renewable energy sources behavior. This article starts with an investigation into the unique characteristics of householder demand behavior in Jordan, connected to Photovoltaics (PV) systems. Previous studies have focused mostly on forecasting LV level demand without considering renewable energy sources, disaggregation demand and the weather conditions at the LV level. In this study, we provide detailed LV demand analysis and a variety of forecasting methods in terms of a probabilistic, new optimization learning algorithm called the Golden Ratio Optimization Method (GROM) for an Artificial Neural Network (ANN) model for rolling and point forecasting. Short-term forecasting models have been designed and developed to generate future scenarios for different disaggregation demand levels from households, small cities, net demands and PV system output. The results show that the volatile behavior of LV networks connected to the PV system creates substantial forecasting challenges. The mean absolute percentage error (MAPE) for the ANN-GROM model improved by 41.2% for household demand forecast compared to the traditional ANN model.

scholarly journals The Global Survey of the Electrical Energy Distribution System: A Review

2019 ◽  
Vol 9 (4) ◽  
pp. 2247 ◽  
Author(s):  
Archana Sudhakar Talhar ◽  
Sanjay B. Bodkhe
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Electrical Power ◽  
Electrical Energy ◽  
Clean Energy ◽  
Central Intelligence Agency ◽  
Energy Sources ◽  
Power Sources ◽  
Energy Scenario ◽  
The World

This paper gives a review of energy scenario in India and other countries. Today’s demand of the world is to minimize greenhouse gas emissions, during the production of electricity. Henceforth over the world, the production of electrical power is changing by introducing abundantly available renewable energy sources like sun and wind. But, because of the intermittent nature of sustainable power sources, the electrical power network faces many problems, during the transmission and distribution of electricity. For resolving these issues, Electrical Energy Storage (EES) is acknowledged as supporting technology. This paper discusses about the world electrical energy scenario with top renowned developed countries in power generation and consumption. Contribution of traditional power sources changed after the introduction of renewable energy sources like sun and wind. Worldwide Agencies are formed like International Energy Agency (IEA), The Central Intelligence Agency, (CIS) etc. The main aim of these agencies is to provide reliable, affordable and clean energy. This paper will discuss about the regulatory authority and government policies/incentives taken by different countries.  At the end of this paper, author focuses on obstacles in implementation, development and benefits of renewable energy.

Seamless Control and Unified Dynamic Energy Management in a Renewable/Clean Energy Integrated Self-Reliant DC Microgrid

2021 ◽  
pp. 1083-1122
Author(s):  
Vulisi Narendra Kumar ◽  
Gayadhar Panda ◽  
Bonu Ramesh Naidu
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Electrical Energy ◽  
Clean Energy ◽  
High Gain ◽  
Energy Sources ◽  
Dc Microgrid ◽  
Dc Power ◽  
Terminal Voltage ◽  
Operating Constraints

The growing demand for electrical energy calls for the assimilation of renewable energy sources to the main utility grid. Multiple renewable energy sources (RESs) like solar PV array, wind turbine, micro-hydro plant, etc. can be combined and controlled to form a microgrid. In spite of the availability of different microgrid topologies, DC microgrid largely facilitates the injection of DC power from various renewable energy sources into the stabilised DC power pool. The requirement for a minimal number of conversion stages, simple structure, economic operation, and numerous localised applications are driving factors for the DC microgrid technology. The mettle of the DC microgrid technology lies in choosing the appropriate microgrid participants for energy interchange and the suitable supervisory control to tap power from the microgrid partakers even after respecting their operating constraints. The use of high gain DC-DC converters is inevitable in DC microgrid due to the low terminal voltage levels of different RESs.

The Role of Green Sukuk for Sustainable Energy Production

2022 ◽  
pp. 42-55
Author(s):  
Hasan Dinçer ◽  
Serhat Yüksel ◽  
Hüsne Karakuş
Keyword(s):  
Renewable Energy ◽  
Financial Support ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Energy Sources ◽  
Technological Infrastructure ◽  
Energy Needs ◽  
Islamic Companies ◽  
Installation Cost

Renewable energy sources are clean energy sources that meet the energy needs in a sustainable way. Therefore, it is necessary to invest in renewable energy sources. However, there are some difficulties in renewable energy investments. It has problems such as high initial installation cost, underdeveloped technological infrastructure, and insufficient financial support. Several financial products are being developed in order to overcome the mentioned difficulties. In this context, the purpose of this study is to explain the role of green sukuk in the financing of renewable energy investments. Depending on this purpose, the study has been examined with a literature review. The production of renewable energy sources can be encouraged with green sukuk. However, green sukuk is an advantage for Islamic companies that want to realize environmental projects. On the other hand, it offers the opportunity to the environmentally friendly Islamic investors to evaluate their savings.

scholarly journals Assessing Renewable Energy Sources for Electricity (RES-E) Potential using a CAPM-Analogous Multi-Stage Model

Energies ◽  
2019 ◽  
Vol 12 (19) ◽  
pp. 3599 ◽  
Author(s):  
Martinez-Fernandez ◽  
deLlano-Paz ◽  
Calvo-Silvosa ◽  
Soares
Keyword(s):  
Power Generation ◽  
Renewable Energy ◽  
Carbon Capture ◽  
Renewable Energy Sources ◽  
Carbon Capture And Storage ◽  
Offshore Wind ◽  
Energy Sources ◽  
Low Carbon ◽  
Multi Stage ◽  
The Cost

Carbon mitigation is a major aim of the power-generation regulation. Renewable energy sources for electricity are essential to design a future low-carbon mix. In this work, financial Modern Portfolio Theory (MPT) is implemented to optimize the power-generation technologies portfolio. We include technological and environmental restrictions in the model. The optimization is carried out in two stages. Firstly, we minimize the cost and risk of the generation portfolio, and afterwards, we minimize its emission factor and risk. By combining these two results, we are able to draw an area which can be considered analogous to the Capital Market Line (CML) used by the Capital Asset Pricing model (CAPM). This area delimits the set of long-term power-generation portfolios that can be selected to achieve a progressive decarbonisation of the mix. This work confirms the relevant role of small hydro, offshore wind, and large hydro as preferential technologies in efficient portfolios. It is necessary to include all available renewable technologies in order to reduce the cost and the risk of the portfolio, benefiting from the diversification effect. Additionally, carbon capture and storage technologies must be available and deployed if fossil fuel technologies remain in the portfolio in a low-carbon approach.

scholarly journals Development of Renewable Energy Sources in the Context of Threats Resulting from Low-Altitude Emissions in Rural Areas in Poland: A Review

Energies ◽  
2019 ◽  
Vol 12 (18) ◽  
pp. 3558 ◽  
Author(s):  
Arkadiusz Piwowar ◽  
Maciej Dzikuć
Keyword(s):  
Renewable Energy ◽  
Rural Areas ◽  
Negative Impact ◽  
Renewable Energy Sources ◽  
Sustainable Growth ◽  
Energy Sources ◽  
Low Carbon ◽  
Improve Energy Efficiency ◽  
Low Altitude ◽  
Polish Economy

The process of transformation of the Polish economy, traditionally based on coal, into an economy that uses low-carbon technologies, faces a problem associated with the diversification of energy sources, especially in rural areas. The scale of the use of conventional energy carriers in households located in rural areas in Poland has a very negative impact on the natural environment. The aim of the paper is to indicate possibilities of reducing low-altitude emissions (with emitters not exceeding 40 m in height) in rural areas in Poland, through the development of renewable energy sources. This paper provides an overview of the specific character of rural areas in Poland and the development challenges faced in these areas in the investigated scope. In order to reduce greenhouse gas emissions and improve energy efficiency, it is necessary to dynamize pro-ecological activities in agriculture and in rural areas, including the development of agricultural biogas plants, wind and photovoltaic farms. The use of renewable energy sources can be an important factor in the development and sustainable growth of rural areas in Poland.

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